Keeping Credit Cards after Bankruptcy

Probably the most common question I get asked by potential bankruptcy clients is if they can keep some of their credit cards after they file for bankruptcy. The answer is typically NO. When a debtor files for bankruptcy in the Southern District of Florida they must list all their debts even open credit cards that they owe zero dollars on. Most credit card companies do what is referred to as a soft-pull where they look at your credit, and once they find that you have filed for bankruptcy they will likely close your account. However, don’t let that stop you from filing for bankruptcy, the majority of my clients are able to obtain credit within six months of filing for bankruptcy.

If you are thinking of filing for bankruptcy whether Chapter 7 or Chapter 13 and would like to speak to an experienced Miami Bankruptcy Lawyer then please contact Ofer Shmucher, of Shmucher Law, PL by calling 305.741.5553 or 954.309.5559. We gladly offer free consultations and are able to meet clients in the evenings or on weekends.

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